Code of Federal Regulations · Section

§ 510.406 — Offshore Transactions Involving Blocked Property

31 C.F.R. § 510.406

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The prohibitions in § 510.201 on transactions or dealings involving blocked property (including a blocked account) apply to transactions by any U.S. person in a location outside the United States with respect to property held in the name of the Government of North Korea, the Workers' Party of Korea, or any other person whose property and interests in property are blocked pursuant to § 510.201(a) or any property blocked by § 510.201(d).

31 C.F.R. § 510.405 31 C.F.R. § 510.407

Authorizing Statute

General authority of the Secretary
31 U.S.C. § 321
Mode of recovery
28 U.S.C. § 2461
General authorization to delegate functions; publication of delegations
3 U.S.C. § 301
Economic and communication sanctions pursuant to United Nations Security Council Resolution
22 U.S.C. § 287c
Termination of existing declared emergencies
50 U.S.C. § 1601